The effect of removing early retirement on mortality

Cristina Bellés-Obrero (), Sergi Jiménez-Martín () and Han Ye ()
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Cristina Bellés-Obrero: Universitat de Barcelona & IEB
Sergi Jiménez-Martín: Universitat Pompeu Fabra
Han Ye: University of Mannheim

No 2024/07, Working Papers from Institut d'Economia de Barcelona (IEB)

Abstract: This paper studies the mortality effect of delaying retirement by investigating the impacts of the 1967 Spanish pension reform, which affected the general population and exogenously changed the early retirement age, depending on the date individuals started contributing to the pension system. Using the Spanish administrative data, we find that delaying retirement by one year increases the hazard of dying between the ages of 60 and 69 by 38 percent. We show that the reform leads to higher mortality in all subgroups, and the effects are statistically stronger for those employed in sectors with the highest workplace accidents and for those with low selfvalue jobs. Moreover, we show that allowing flexible retirement mitigates the adverse effects of delaying retirement.

Keywords: Delaying Retirement; Mortality; Heterogeneity; Work Conditions (search for similar items in EconPapers)
JEL-codes: I10 I12 J14 J26 (search for similar items in EconPapers)
Pages: 99 pages
Date: 2024
New Economics Papers: this item is included in nep-age, nep-dem, nep-eur and nep-hea
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https://ieb.ub.edu/ca/publication/2024-07-the-effe ... rement-on-mortality/

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Persistent link: https://EconPapers.repec.org/RePEc:ieb:wpaper:doc2024-07

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